Posted on 02/23/2010 1:12:28 PM PST by NormsRevenge
WASHINGTON The economic stimulus law added between 1 million to 2.1 million workers to employment rolls by the end of last year, a new report released Tuesday by congressional economists said.
The nonpartisan Congressional Budget Office study also said the $862 billion stimulus added between 1.5 to 3.5 percentage points to the growth of the economy in 2009. The controversial stimulus law combined tax breaks for individuals and businesses with lots of government spending.
The report reflects agreement among economists that the measure boosted the economy. But the wide range of estimates means it won't resolve the debate over how effective the stimulus has been.
The White House says the stimulus bill has created 2 million jobs and will add another 1.5 million this year as economic recovery continues to take hold.
(Excerpt) Read more at news.yahoo.com ...
Shit...I hate it when I spit coffee out on the keyboard...
Yeah, but how many of those jobs are in the private sector. I would guess slim to none.
Economists are officially magicians.
There is no measure for this! They’re making it up!
I’d like to see a list of just a few of the jobs created.
they have ALWAYS made it up...
2.1 million government jobs.
GDP=
Government
Domestic
Product.
So these are like what, $4 billion per job then?
Good work, if you can find it I suppose.
They must think we're real idiots...
I’d love to see the supporting data for those claims.
Put out the list - lets see names/job titles.
“They must think we’re real idiots...”
If it’s not partisan, still it’s certainly not neutral. it’s a shill for Big Government. Should environmentalists start basing policy suggestions on press releases from the Oil Industry?
“So these are like what, $4 billion per job then? Good work, if you can find it I suppose.”
Wonder if I could get one part time, an hour a week?
And whether they were public or private sector, permanent or temporary.
$410,476 = 2.1 million workers employed by spending $862 billion. High paying jobs? Not likely.
Are they using that fifty-jobs-from-purchase-of-one-lawn-tractor calculation as well??
Let’s increase the stimulus package 8 times and put all Americans back to work.
Jobs created in D.C.
862,000,000,000 / 2,100,000 = 410,476.19
862,000,000,000 / 3,600,000 = 239,444.44
If $862,000,000,000 can’t create at least 40 million jobs it’s a waste. What’s this 2/3/4 million crap?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.